Determining the value of inventions in technology transfer in Vietnam: Legal perspectives and recommendations

Abstract

An invention is a form of intangible asset. When approached from an economic perspective, an intangible asset is a term used to refer to non-physical resources and has value for patent holders. Therefore, determining the value of an invention is an important step in the commercialisation of intangible assets such as technology transfer, capital contribution to businesses, etc. Vietnam has promulgated a system of legal documents on the valuation of intangible assets, but there is no separate regulation on determining the value of inventions, so in practice, it has encountered certain limitations in the application of these legal provisions. This article analyses the limitations of Vietnamese law on determining the value of inventions and proposes solutions to overcome them.